BITI vs QQQ
ProShares Short Bitcoin ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. BITI delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | BITI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.18% | |
| AUM | $120M | $455.8B | |
| Dividend Yield | 8.63% | 0.41% | |
| Holdings | 3 | 108 | |
| YTD Return | +23.05% | +18.31% | |
| 1Y Return | +58.48% | +25.37% | |
| 3Y Return (annualized) | -33.21% | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 46.8% | 30.6% | |
| Max Drawdown | -92.2% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 21, 2022 | Mar 10, 1999 |
BITI vs QQQ Performance
ProShares Short Bitcoin ETF (BITI) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BITI returned +58.48% while QQQ returned +25.37%. Year to date, BITI is up 23.05% versus a gain of 18.31% for QQQ.
Over three years, BITI compounded at -33.21% per year against +25.79% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.10% annualized vs -36.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITI has been the more volatile fund, with annualized monthly volatility of 46.8% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -92.2% for BITI and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITI charges 1.01% per year while QQQ charges 0.18%. On a $10,000 position that is $101 vs $18 annually, a gap of $83 per year that compounds over a long holding period. On income, BITI currently yields 8.63% against 0.41% for QQQ.
Holdings Overlap
BITI and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BITI or QQQ?
BITI has an expense ratio of 1.01% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $83 per year of difference.
Which performed better, BITI or QQQ?
Over the past year BITI returned +58.48% vs +25.37% for QQQ, so BITI leads on 1-year performance. Over the longest common window we track (4 years), BITI annualized -36.88% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, BITI or QQQ?
BITI has been the more volatile fund at 46.8% annualized versus 30.6% for QQQ. Worst drawdown: BITI -92.2% vs QQQ -83.0%.
Should I hold both BITI and QQQ?
BITI and QQQ have a monthly-return correlation of -0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITI and QQQ?
BITI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BITI or QQQ?
BITI yields 8.63% while QQQ yields 0.41%, so BITI currently pays the higher dividend yield.
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